New - Payroll Services for Executives and Company Directors
12/04/10 15:52
Often an employer wishes for certain employees, such as executives and company directors, to have their payroll processed separately from their main business payroll.
This might be for security or confidentiality reasons.
My practice now caters for private payrolls for employers.
Please contact me to discuss your payroll needs ... John
This might be for security or confidentiality reasons.
My practice now caters for private payrolls for employers.
Please contact me to discuss your payroll needs ... John
Interest for Late Payment of Tax
26/02/10 08:25
Over the past 12 months, Revenue have become more adept at charging interest on overdue tax.
It is therefore crucial to bring one's tax affairs up to date as soon as possible and to pay any overdue tax so that your interest exposure is minimised .... John
It is therefore crucial to bring one's tax affairs up to date as soon as possible and to pay any overdue tax so that your interest exposure is minimised .... John
€200 Second Property Council Tax - 2010 Charge is payable from 31 March 2010
26/02/10 08:21
Just reminding you that the next €200 Second Property Council Tax is due from 31 March 2010. See www.nppr.ie for details .... John
Income Tax Refund Claim 2006 - Deadline 31 December 2010
26/02/10 08:15
Don't forget, if you have an income tax refund due for the tax year (calendar year) 2006, you have to make a claim to Revenue (normally done via a Tax Return) by 31 December 2010.
After this date, Revenue will not refund any 2006 income tax.
If you are due a tax refund due to you for 2007, 2008 or for 2009, now is a good time to claim it .... John
After this date, Revenue will not refund any 2006 income tax.
If you are due a tax refund due to you for 2007, 2008 or for 2009, now is a good time to claim it .... John
€200 Second Property Council Tax - 2009 Deadline 30 September 2009
10/08/09 09:37
Subject to a few Exemptions, there will be an annual €200 council tax on (each) non-principal private residences.
Liability to the charge is determined on the basis of ownership of the property in question on a single day each year. This date is called the "Liability Date". The new €200 charge has to be paid within 2 months of the "Liability Date". For 2009, this "Liability Date" is 31 July.
You have until 30 September 2009 to pay this €200 charge for each second property owned by you.
There is an additional €20 penalty every month (or every part of a month) that this €200 has not been paid. For 2009, the penalty for late payment will start from 1 October 2009. The penalties could build up very quickly so you would be advised to pay the €200 (for each property that this charge applies to) by the due date.
This charge (and penalties where applicable) is payable to the Local Authority in whose area the property is located in.
This tax can either be paid to the Local Authority in question or on-line on www.nppr.ie.
This site has a Frequently Asked Question (F.A.Q.'s Section) which hopefully will answer all your queries concerning this new property tax.
..... John
Liability to the charge is determined on the basis of ownership of the property in question on a single day each year. This date is called the "Liability Date". The new €200 charge has to be paid within 2 months of the "Liability Date". For 2009, this "Liability Date" is 31 July.
You have until 30 September 2009 to pay this €200 charge for each second property owned by you.
There is an additional €20 penalty every month (or every part of a month) that this €200 has not been paid. For 2009, the penalty for late payment will start from 1 October 2009. The penalties could build up very quickly so you would be advised to pay the €200 (for each property that this charge applies to) by the due date.
This charge (and penalties where applicable) is payable to the Local Authority in whose area the property is located in.
This tax can either be paid to the Local Authority in question or on-line on www.nppr.ie.
This site has a Frequently Asked Question (F.A.Q.'s Section) which hopefully will answer all your queries concerning this new property tax.
..... John
Employer's End of Year PAYE Return due by 15 February 2009
05/02/09 08:33
The deadline for PAYE Employer (P35 Return ) Returns for the tax year 2008 is coming up on 15 February 2009. Assuming that the last month's payroll run for December 2008 is finalised, you should now be in a position to prepare this Return ... of course, if you need help, please call me on + 353 1 6706888 for a quote ..... John
2008 Tax Returns
05/02/09 08:27
A quick reminder to start to get your information together for your 2008 Tax Return. Employers are sending out P60 forms for 2008. All the information for 2008 should be available now. Now is a good time to write to banks and building societies to get deposit interest certificates for 2008.
2008 is the last tax year to get income tax relief on unreimbursed medical expenses at your higher rate of tax. So call your doctor's secretary and your chemist to get a statement of expenses for 2008.
Finally, remember that you can claim a refund of income tax going back to 2005 if you make a claim before the end of 2009.
If you have any questions in relation to the above or on any other matter, please call or e-mail me ..... John
2008 is the last tax year to get income tax relief on unreimbursed medical expenses at your higher rate of tax. So call your doctor's secretary and your chemist to get a statement of expenses for 2008.
Finally, remember that you can claim a refund of income tax going back to 2005 if you make a claim before the end of 2009.
If you have any questions in relation to the above or on any other matter, please call or e-mail me ..... John
Budget 2009
15/10/08 08:22
This budget for 2009 may be the start of a new taxation era in Ireland.
Between the 1% & 2% levy on total income and reducing the tax relief on medical expenses (from 2009) and nursing home cost (from 2010) everyone is bearing the brunt of these difficult times.
The 0.5 % increase on the standard rate of VAT from 21% to 21.5% will impact on us too.
I say, wait for the Finance Bill 2009 to see what the Minister of Finance has not mentioned in the budget...... John
Between the 1% & 2% levy on total income and reducing the tax relief on medical expenses (from 2009) and nursing home cost (from 2010) everyone is bearing the brunt of these difficult times.
The 0.5 % increase on the standard rate of VAT from 21% to 21.5% will impact on us too.
I say, wait for the Finance Bill 2009 to see what the Minister of Finance has not mentioned in the budget...... John
VAT May/June 2008 & PAYE June 2008
08/07/08 16:47
Just to remind any VAT registered people or Employers reading this post, VAT Returns for May/June 2008 should be submitted to Revenue before 19 July 2008 (together with a payment to cover any liability owing to revenue).
PAYE Returns and payment for June 2008 are due for submission to Revenue by 14 July 2008.
Call me if you need assistance ..... John
PAYE Returns and payment for June 2008 are due for submission to Revenue by 14 July 2008.
Call me if you need assistance ..... John
Revenue Enquiry Into Bank Accounts
08/07/08 13:02
There have been a lot of calls to this practice over the last few weeks about the 15 September 2008 deadline for making Voluntary Disclosures to Revenue for certain individuals that have deposit accounts.
Essentially, this current Revenue initiative concerns Taxpayers who had €100,000 or more in aggregate in these accounts (which included funds not previously declared for tax) at any time between 1 January 2005 and 31 December 2007 have until 15 September 2008 next to make a voluntary disclosure announced by the Revenue Commissioners.
As most Irish accounts have had DIRT (Deposit Interest Retention Tax) applied to the interest, there should be no further income tax liability on the interest earned on those accounts. However, deposit interest may be liable to The Health Levy (currently 2%) for some account holders.
What the Irish Revenue are looking for are people who may have funded these accounts from a source of income or gains that had not yet been declared to Revenue and have not paid the correct tax due. For example, if an individual had undisclosed rental or self-employed income which had been accumulating in his or her account, then such a person should make a voluntary disclosure to Revenue by 15 September 2008.
Professional tax advice should be sought to see if you should make a Voluntary Disclosure by 15 September 2008.
John .....
Essentially, this current Revenue initiative concerns Taxpayers who had €100,000 or more in aggregate in these accounts (which included funds not previously declared for tax) at any time between 1 January 2005 and 31 December 2007 have until 15 September 2008 next to make a voluntary disclosure announced by the Revenue Commissioners.
As most Irish accounts have had DIRT (Deposit Interest Retention Tax) applied to the interest, there should be no further income tax liability on the interest earned on those accounts. However, deposit interest may be liable to The Health Levy (currently 2%) for some account holders.
What the Irish Revenue are looking for are people who may have funded these accounts from a source of income or gains that had not yet been declared to Revenue and have not paid the correct tax due. For example, if an individual had undisclosed rental or self-employed income which had been accumulating in his or her account, then such a person should make a voluntary disclosure to Revenue by 15 September 2008.
Professional tax advice should be sought to see if you should make a Voluntary Disclosure by 15 September 2008.
John .....